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Adeptus Health - Failed Business Model, 6x Revenue & 60x EBITDA, PE Sponsor Rushing For The Exit

Adeptus Health (NYSE:ADPT) is a JOBS Act IPO with a failed business model of providing emergency healthcare services for privately insured patients in Texas. Having faced stiff competition and regulatory hurdles now the company is shifting into even less lucrative government pay and hospital-affiliated practices. This is a ...